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Oil hits highest since March on vaccine trials, Biden transition

OilNOW -
(Reuters) - Oil rose more than $1 a barrel to its highest levels since March as a third promising coronavirus vaccine raised hope for fuel demand recovery and U.S. President-elect Joe Biden began his transition to the White House. Brent...
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Total contracts Maersk Drilling for two-rig campaign offshore Suriname

OilNOW -
Maersk Drilling has received a Conditional Letter of Award (CLOA) from Total E&P Suriname, Suriname Branch for the supply of two deepwater rigs, Mærsk Developer and Maersk Valiant, for an exploration and appraisal project in Suriname’s Block 58. Maersk Drilling...
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Baker Hughes plugging over US$8 million into Oilfield Service Facility in Guyana

OilNOW -
American international industrial service company, Baker Hughes, is moving to set up an Oilfield Service Facility at Land of Canaan on the East Bank of Demerara in Guyana, where it expects to provide employment for over 70 Guyanese during...
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Corentyne River Bridge on agenda as Guyana President makes first state visit to Suriname

OilNOW -
Guyana’s President, Dr Mohamed Irfaan Ali, has arrived in Suriname for a state visit over the period November 23 to 26, during which time discussions will be held with President Chandrikapersad Santokhi to build on the issues advanced during...
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ExxonMobil Guyana’s Deedra Moe takes up new position in Houston

OilNOW -
ExxonMobil Guyana Senior Director, Public and Government Affairs, Deedra Moe, will be departing the country soon to take up a new position in Houston in her home country of the Unites States. She will be succeeded by Karen Matusic,...
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Houthis forces fired missile at Saudi Aramco oil site in Jeddah

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(Reuters) - Yemeni Houthi forces fired a missile that struck a Saudi Aramco oil company distribution station in Saudi Arabia’s Red Sea city of Jeddah, a Houthi military spokesman said on Monday. There was no immediate Saudi confirmation of the...
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BP sells London headquarters for 250 million pounds

OilNOW -
(Reuters) - BP has agreed to sell its London headquarters for 250 million pounds, a spokesman said on Friday, the latest in a string of disposals as the British energy company shifts to low-carbon energy. BP also agreed to lease 1...
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Staffing is now the focus for CGX deep water port facility in Guyana

OilNOW -
Grand Canal Industrial Estates Inc. (GCIE), a subsidiary of CGX Energy Inc., has begun seeking human resources personnel for its Berbice Deep Water Port facility, located in the new oil producing country of Guyana. In multiple advertisements in the local...
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Suriname offshore breakeven expected to go down with more discoveries

OilNOW -
The projected breakeven price for development of oil fields offshore Suriname is expected to reduce in coming years as more discoveries are made, and production gets underway. So far, three discoveries have been made at Block 58, estimated to contain...
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Outgoing head of Guyana’s Department of Energy says ‘still willing to serve’

OilNOW -
Character, integrity, perseverance and contentment--these are the qualities that outgoing Director of the Department of Energy, Dr. Mark Bynoe says are integral to his successor executing their duties within an agency that has played a critical role in the...
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Guyana Electric boosts grid reliability with specialized high-voltage training

Guyana Electric has launched specialized training courses in medium and high-voltage cable terminations and joints, aimed at improving installation...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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